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AI Analysis of KR
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Kroger stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)

Sell candidate since May 02, 2024 PDF

The Kroger stock price gained 0.584% on the last trading day (Thursday, 2nd May 2024), rising from $54.77 to $55.09. During the last trading day the stock fluctuated 0.88% from a day low at $54.74 to a day high of $55.22. The price has been going up and down for this period, and there has been a -0.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $178.86 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.41% during the next 3 months and, with a 90% probability hold a price between $68.39 and $77.41 at the end of this 3-month period.

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KR Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kroger stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $55.48 and $56.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -4.72%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kroger stock

On the downside, the stock finds support just below today's level from accumulated volume at $50.49 and $49.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kroger finds support just below today's level at $50.49. If this is broken, then the next support from accumulated volume will be at $49.61 and $44.99.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.480 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KR) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Kroger Company (The) to open at $55.02, and during the day (based on 14 day Average True Range), to move between $54.19 and $55.99, which gives a possible trading interval of +/-$0.90 (+/-1.63%) up or down from last closing price. If Kroger Company (The) takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $55.48 (0.71%) than the support at $50.49 (8.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Kroger Company (The) stock A Buy?

The Kroger stock holds several negative signals and despite the positive trend, we believe Kroger will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.854 Sell Candidate Downgraded

Predicted Opening Price for Kroger Company (The) of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$55.02 ( 0.133%) $55.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 55.50 0.738 %
R2 55.31 0.405 %
R1 55.20 0.200 %
Current price: 55.09
Support S1 54.83 -0.466 %
S2 54.72 -0.672 %
S3 54.54 -1.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.13 3.70 %
R2 55.97 1.60 %
R1 55.48 0.708 %
Current price 55.09
Support S1 50.49 -8.35%
S2 49.61 -9.95%
S3 44.99 -18.33%

KR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 14, 2024 May 14, 2024 Jun 01, 2024 $0.290 0.526%
2 Jan 19, 2024 Feb 14, 2024 Mar 01, 2024 $0.290 0.590%
3 Sep 14, 2023 Nov 14, 2023 Dec 01, 2023 $0.290 0.650%
4 Jun 22, 2023 Aug 14, 2023 Sep 01, 2023 $0.290 0.631%
5 Mar 09, 2023 May 12, 2023 Jun 01, 2023 $0.260 0.582%

FAQ

What is the symbol for Kroger Stock and on which exchange is it traded?
The symbol for Kroger is KR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Kroger Stock?
The Kroger stock holds several negative signals and despite the positive trend, we believe Kroger will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Kroger Stock?
Kroger Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kroger Stock.

What's the current price of Kroger Stock?
As of the end of day on the May 02, 2024, the price of an Kroger (KR) share was $55.09.

What is the 52-week high and low for Kroger Stock?
The 52-week high for Kroger Stock is $58.33 and the 52-week low is $42.10.

What is the market capitalization of Kroger Stock?
As of the May 02, 2024, the market capitalization of Kroger is 39.758B.

When is the next earnings date for Kroger?
The upcoming earnings date for Kroger is Jun 13, 2024.
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About Kroger Company (The)

Kroger The Kroger Co. operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronic... KR Profile

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